The Global Powered Agriculture Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Powered Agriculture industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Powered Agriculture market along with crucial statistical data about the Powered Agriculture market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
The global powered agriculture market size reached USD 52.87 Billion in 2021 and is expected to register a revenue CAGR of 5.1% during the forecast period, according to latest analysis by Emergen Research. Increasing need for cost-effective farming and demand for better quality farming products and equipment are some key factors expected to support market revenue growth between 2022 and 2030. In addition, increasing need to conduct real-time analysis of data will boost revenue growth of the market.GIS software for agriculture allows farmers to access geospatial data, aerial imagery, and online map data remotely. Unplanned cultivation and poor soil quality are major issues in agriculture that make the process more costly and time consuming. Thus, powered agriculture with GIS software can provide a cost-effective and time-efficient solution to the problem. Additionally, increasing government incentives to encourage smart farming techniques and stringent regulations to minimize pollution, avoid deforestation, and develop ways to absorb carbon from the atmosphere are factors expected to drive market revenue growth over the forecast period.
The current COVID-19 pandemic is expected to have an effect on the growth of the Powered Agriculture industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Powered Agriculture sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Powered Agriculture industry.
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Market Dynamics:
The report offers insightful information about the market dynamics of the Powered Agriculture market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Powered Agriculture market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Powered Agriculture market.
The report covers the following chapters:
- Impact of COVID-19 - This section describes the impact of COVID-19 on the Powered Agriculture market.
- Global Market Size and Growth - This section contains the global historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values and growth and market share comparison by region.
- Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
- Global Macro Comparison - The global Powered Agriculture market comparison with macro-economic factors gives the Powered Agriculture market size, percentage of GDP, and average Powered Agriculture market expenditure.
- Supply Chain - The supply chain section of the report defines and explains the key players in the Powered Agriculture industry supply chain.
- Product/Service Analysis - The product/service analysis section of the report describes the leading products/services in the Powered Agriculture market along with key features and differentiators for those products/services.
- Customer Information - This chapter covers recent customers’ trends/preferences in the global Powered Agriculture market.
- Trends and Strategies - This chapter describes the major trends shaping the global Powered Agriculture market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
John Deere Co., CNH Industrial N.V., Kubota Corporation, AGCO Corporation, Yanmar Power Technology Co., Ltd., CLAAS Tractor SAS, Iseki Co., Ltd., SDF S.P.A., Alamo Group, Inc., and Zetor UK Ltd
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Powered Agriculture Market Segmentation:
Component Outlook (Revenue, USD Billion; 2019–2030)
- Hardware
- Software
- Services
Technology Outlook (Revenue, USD Billion; 2019–2030)
- Guidance Technology
- Remote Sensing
- Variable Rate
Equipment Outlook (Revenue, USD Billion; 2019–2030)
- Agricultural Unmanned Aerial Vehicles
- Tractors (Driverless, Electric)
- Combine Harvesters
- Planters
- Sprayers
- Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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